Articles by Kirsten Mason

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Kamloops Real EstateThe Kamloops Real Estate Blog is updated regularly and provides a wealth of information for the real estate market in Kamloops, BC, Canada and the surrounding communities.

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Kamloops HomeKamloops surrounding communities real estate information including Barriere, Cache Creek, East Barriere Lake, Heffley and Knouff (Sullivan Lake), Logan Lake & North Barriere Lake click here.

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Buying or selling Real Estate? Realtor Kirsten Mason is one of the top selling agents in Kamloops and a dedicated full time professional.

Kirsten can guide you through the process and be counted on to help you make the best decisions. Whether you are buying, selling or wish to investigate the possibilities. She cares about your needs, and she will take the time to provide you with personal attention and 100% client satisfaction.

This article appeared in the Financial Post on October 20th, 2014 and was written by Garry Marr. CMHC Continuing With Plans for Banks to Take on More Mortgage Risk

The head of Canada Mortgage and Housing Corp. said the Crown corporation is continuing with plans to have banks take on more risk when it comes to the housing market.

“In the insured market all of the risk is on CMHC’s balanced sheet or 90% on the government’s balanced sheet through private sector competitors. The government wants to reduce its exposure to the housing market,”  Evan Siddall, president of Canada Mortgage and Housing Corp. told the Canadian Club in Toronto in what was billed as a “conversation” with Terry Campbell, president of the Canadian Bankers Association.

Mr. Siddall said the government has asked CMHC to look at options and advise it on what to do next.

Consumers with less than a 20% downpayment must get mortgage default insurance if they are borrowing from a bank regulated by the Bank Act. The government backs loans insured by CMHC 100% and for up to 90% for private entities like Canada Guaranty.

Mr. Siddall has said there is some value to banks having some “skin in the game” which some have suggested could mean banks pay a deductible of up to 10% in the event a consumer defaults.

“It’s kind of classic perspective,” said the CMHC head. “It’s this idea of moral hazard that if you took risk away from the people who confronted it in the marketplace, it could lead to bad behaviour. The stupid example is if you insure someone who is driving a car, they won’t be a responsible car driver.”

Mr. Siddall said the banks are responsible but the idea of deductible is “good idea” and something along those lines is good economic policy.

Sources have told The Financial Post that CMHC has already been in discussions with the CBA and Office of the Superintendent of Financial Institutions about the idea which is years away from being implemented.

Mr. Campbell told the audience a lot of conversation with the industry will be needed before anything happens.

“In Canada, as you know and everybody in this audience knows, we did not have a housing crash like some other jurisdictions,” said Mr. Campbell, chalking that up to good risk management on behalf of banks when it comes it lending. “I think banks do have an awful lot of skin in the game if you look at the growth in their uninsured portfolio.”

2401 Ord Road, Brocklehurst, Kamloops BC Kamloops Home for SaleKamloops Home For Sale: 81-2401 Ord Road, Brock Estates, Brocklehurst, BC, $84,900. BROCK ESTATES … 14×66 mobile home located in senior section of Park.

This very clean, cared-for home has 3 bedrooms and a 4 piece bath. Open concept kitchen and dining room with spacious living room and lots of natural light. Newer laminate and carpets. The entrance addition provides extra space for closets, storage and deep freeze.

Private fenced yard with 17×14 wired workshop and 8×6 wood garden shed. The large covered deck on east side gives a relaxing spot for summer evenings.

Parking for 2 vehicles. BC Electrical Inspection was just completed. Hot tub is ‘as is – where is’.

Park signs site leases and allows 1 small dog or cat with Park approval required.

Click here to view more pictures of this home.

Brock has numerous grocery stores, retailers, professional offices and amenities close by. The Brock shopping centre, a mall located on Tranquille Road and Desmond Street has a Coopers grocery store, Pharmasave, Tim Hortons and numerous other small retailers. Brock is also close to Northills mall, Safeway and Canadian Tire which are located in North Kamloops. North Kamloops shopping is all within five to ten minutes of most Brocklehurst homes.

Brock has many activities for outdoors enthusiasts. There are a lot of hiking trails, a river’s trail and beach walks. A popular place for many dog owners is the long stretch on the beach of the Thompson River beside the airport. Often bald eagles and other wildlife can be spotted in this area.

The Kamloops Golf and Country Club is located on Tranquille road near the airport and approximately 10 kilometers from the downtown core. This 18 hole golf course is a traditional style golf course with generous tree-lined well-conditioned fairways.

There is a large dog park that many pet owners enjoy on Ord road were it intersects Tranquille Road.

McArthur Island Park is on the border of North Kamloops and Brocklehurst. Many Brock neighbourhoods have direct access to the park by way of the walking and biking paths. Many sports are enjoyed at this park, golf, soccer, football, baseball, and mountain biking can be viewed as you stroll around the perimeter of the park on the paved trail. There are 3.1 kilometers of paved walking trails in the park. There also is a skate park, mini golf, lawn bowling, youth centre and events centre on site.

Parkcrest Elementary School, Brock Middle School and North Kam Secondary School are the nearest schools to this home. There is a TRU express bus from Northills mall and regular bus service only one block from this home.

To view all homes for sale in Kamloops click here.

1353 Bale Road, Savona, BC, Kamloops Home for SalePrivate Estate Property For Sale: 1353 Bale Road, Savona, BC, $664,900. 8.5 Acre home in beautiful Savona.

This large U-shaped rancher is waiting for its new owners- 4500 sq ft main floor, 5 spacious bedrooms and 4 bathrooms, 3 car garage-there is room for the entire family. Main floor features large living room with gorgeous views of the Thompson River.

The living room has nice rock features and has room for many furniture pieces. There are 5 wood burning fireplaces throughout. Kitchen has lots of storage with vaulted ceiling, large fireplace and spacious dining room. There is an oversized master bedroom with wood fireplace and 3 piece ensuite. Additional 2 piece and 4 piece bath on main.

Large games room in the basement, access to pool area, storage and 3 piece bath. Only 35 minutes to Kamloops. The epitome of a rural paradise!

There is a pond on the property and inground pool that needs attention. So much potential!

Schedule A must accompany all offers. Attention all Buyers: Take advantage of the Sellers VTB program. Call Listing Agent for details.

Click here to view more pictures of this home.

Savona has a variety of outdoor activities to enjoy year round. Swimming, hiking, dirt biking, ATV riding, snowmobiling and boating. Savona is home to Steelhead Provincial Park which is located on the south west shore of Kamloops Lake. Visitors to this park can enjoy camping, picnicking, fishing, paddling, swimming and hiking.

Tobiano has an 18 hole golf course, numerous hiking and back country biking trails, cross country skiing and snow shoeing are a few of the recreational activities available in and around Tobiano.

Due to Tobiano’s close proximity to Kamloops many city amenities are within a 20 minute drive.

Savona has it’s own elementary school called Savona Elementary School.  Secondary students take a school bus to the city of Kamloops and attend school there. Visit School District 73’s website fore more information about schools.

There is basic shopping nearby at a convenience store and gas station. The larger shopping centre is located in Kamloops where all larger retailers are located for all the necessities.

There is not any public transportation in these areas.

To view all homes for sale in Kamloops click here.

205-712 Sahali Terrace, Sahali, BC, Kamloops Home for SaleKamloops Home For Sale: 205-712 Sahali Terrace, Lower Sahali, Kamloops, BC $229,900. Emerald Terrace – everything at your fingertips … bus stop, downtown core, Sahali shopping, hospital and TRU.

This condo provides open concept living with 9′ ceilings adding to the feeling of spaciousness. The home features 2 bedrooms, a full bathroom and in-suite laundry. The master bedroom also has a 4-piece ensuite and walk-in closet. Updated paint and mixed ceramic tile and laminate flooring through out, corner gas fireplace, wall air-conditioning and rough-in for central vac. 2 parking stalls close to exit on same level “no stairs” and additional storage in secure locker.

Extra large covered deck for entertaining, gardening and enjoying the northeast city and mountain views. Building is wheelchair accessible, has secure entry, underground parking, elevator, intercom access, common room and exercise area.

Hot water and natural gas included in Strata fee. No pets or rental allowed. Quick possession possible. Visit LB website for more info and virtual tour.

Click here to view more pictures of this home.

Lower Sahali houses a number of Kamloops grocery stores and shopping. Save-on-foods, Superstore, Safeway, Toys-R-Us, Bed Bath & Beyond, Winners, Homesense and Target are a few of the major stores in the Sahali area. There are a number of restaurants and popular shopping destinations in this area as well.

There are a number of professional offices in the Sahali area. Sahali Centre Mall, Tudor Village and Sahali Professional Centre to name a few. You will find lawyers, doctors, mortgage specialists, banks, insurance brokers and much more in this area.

At the top of Summit Drive, there is a very popular water park called Albert McGowan Park, which is a popular place for neighbourhood kids to cool off in the summer and toboggan in the winter.

Throughout Lower and Upper Sahali there are a number of parks and green spaces. The Sahali area has everything close at hand, shopping, entertainment, schools for all ages, and park land. This is why it is one of the most popular regions of Kamloops.

Peterson Creek Park runs through most of Sahali from top to bottom. This is a 423 hectare park that is a natural creek corridor. There are over 30 kilometers of trails in the park and many sites to enjoy including panoramic valley views and Bridal Veil Falls. There are numerous access points and the park is equipped with picnic tables and grassy areas to enjoy.

Tournament Capital Centre is located in Southgate which is only a five to 10 minute drive from any Sahali neighbourhood. TCC has many different facilities all in one building such as gymnastics, swimming, indoor track, fitness facility, courts and much more. There are also a number of sports fields that surround the facility.

Sahali is serviced by BC Transit busses on a frequent and regular schedule. Highway #1 is easily accessible to Sahali as it runs through the middle of it splitting the area into upper and lower Sahali.

To view all homes for sale in Kamloops click here.

17-2815 Princeton Kamloops Hwy, Knutsford Kamloops Home for Sale

Kamloops Home For Sale: 17-2815 Princeton Kamloops Hwy, Knutsford, B.C. $219,900. Rural living but close to City, shopping and on school bus route! Enjoy the country-like treed terrain, hills and sunset views from your xeriscaped fully fenced backyard.

This 11 year young modular home is 50’x28′ and exceptionally spacious, boasting two large bedrooms, each with 4pc bath and walk-in closets and a total open concept kitchen, dining and living room.

Abundance of windows and kitchen skylights provide plenty of natural sunlight. Kitchen features tons of cupboards and counters plus a breakfast bar and computer station and there’s still the dining area with patio doors to backyard. Living room easily accommodates comfy furniture and TV/stereo system.

Laundry room conveniently located off kitchen. And then the man cave – a 24’x24′ detached garage/workshop awaiting your finishing ideas. Additional room to park RV and toys! Country living at its best! Bonus corner lot with privacy from neighbours!

Click here to view more pictures of this home.

Knutsford is located 15 minutes south of the city of Kamloops. The Old Merritt Highway 5A runs through the Knutsford area. Some areas of Knutsford are within a five minute drive of Aberdeen Mall. Knutsford mainly consists of small to large acreages, farms and

ranches. There are a couple of small mobile home parks in the area as well. Knutsford is known for it’s wide open rolling hills with views for miles. Knutsford is located at a higher elevation than the city of Kamloops and tends to get a little more snow in the winter but in the summer it is not quite as hot.

The Knutsford Hall is a popular place for locals to meet for events and gatherings and has a capacity of up to 110 people. The Hall is located on Highway 5A just outside of Aberdeen.

Knutsford does not have it’s own shopping district. You will find ranches and farms that sell eggs and other products but there are not any large commercial developments.

Most areas of Knutsford are within five to 15 minutes of the Aberdeen area of Kamloops. Aberdeen has a number of stores and shops such as the Aberdeen Mall, Costco, many restaurants, and more. Knutsford is a great location for people who want to live in a country setting but also want to be close to city amenities.

Highway 5A leads directly to Highway #1 which is the main route through Kamloops making other shopping districts such as Downtown Kamloops and Valleyview very accessible.

Knutsford is serviced by school bus and students have the choice of a few schools. It will take about 15 to 30 minutes by school bus to most schools in the area. Click here for further school information.

There are many outdoors activities to enjoy in Knutsford such as horseback riding, motor sports, hiking, boating (Stump Lake is close as well as other small fishing lakes), fishing and more. Stump Lake is the only lake in the area that allows gas powered boats, other lakes such as Edith Lake, Separation Lake, McLeod Lake and Flat Lake are only fishing Lakes.

Knutsford is also very close to the city of Kamloops and can access many city amenities like the Tournament Capital Centre and other popular activities in Kamloops.

To view all homes for sale in Kamloops click here.

889 Fernie Road, South Kamloops, BC Kamloops Home For Sale889 Fernie Drive Kamloops West End Home For SaleKamloops Home For Sale: 889 Fernie Road, South Kamloops, BC $589,800. South Kamloops West End home with spectacular view is a one of a kind custom home.

This two storey home features 2 bedrooms on the main floor which includes the master bedroom with 3pc ensuite. The main floor also features a large great room open floor plan with a vaulted ceiling and floor to ceiling windows, a 2 piece powder room and a large foyer. There is a large kitchen with lots of cupboard space as well as a nice sized den that would be a great dining room or office.

The second level has a large bedroom with a patio, a 5pc bathroom and a large open loft area great for a play room or work space.

The basement level features a spacious rec room, a 3pc bathroom, laundry room, lots of storage and a workshop. There is a separate entry from the outside to the basement making it potential for a suite.

There is a large private yard that has a lot of potential for a shop and a pool. Updates include furnace, central a/c, stucco and hardi plank siding, reclaimed brick, windows and more.

Click here to view more pictures of this home.

South Kamloops is home to numerous amenities. Coopers, London Drugs, Visions Electronics, Coast Capital Savings, CIBC, Scotia Bank, TD Canada Trust, HSBC, numerous insurance agencies and professional offices are all close by. Lansdowne Village houses a number of the larger retailers in South Kamloops.

There are also a variety of small and medium retailers, numerous restaurants, and fast food establishments. Victoria Street is the main street where many clothing boutiques, bridal stores and specialty stores are found. South Kamloops is home to the Royal Inland Hospital, the only hospital servicing the Kamloops region. RIH is a short two minute drive from this home.

Shopping areas in Sahali, Southgate and Aberdeen are within a five to ten minute drive of this home. Many of the big box stores are located in these areas.

Riverside Park and Interior Savings Centre are both located on Lorne Street in South Kamloops. Riverside park is a large park on the river with a water park, a sandy beach area, large open green space for summer activities, washroom facilities and picnic areas. Riverside park also has a stage where numerous performances and events occur during the warmer months.

Interior Savings Centre is home to the Kamloops Blazers Junior Hockey team. Many performances and concerts also occur at this large facility.

South Kamloops Secondary is also the home to the Sagebrush Theatre, a 706 seat proscenium theatre is located on 9th Avenue in South Kamloops (south of Columbia Street).

The Kamloops YMCA/YWCA is located on 4th Avenue and Battle Street in the Downtown core. The facility offers an indoor pool, sauna, hot tub, exercise facilities and many fitness classes.

Peterson Creek Park runs through most of Sahali and part of South Kamloops. This is a 423 hectare park that is a natural creek corridor. There are over 30 kilometers of trails in the park and many sites to enjoy including panoramic valley views and Bridal Veil Falls. There are numerous access points and the park is equipped with picnic tables and grassy areas to enjoy. Peterson Creek is located a short drive away or about a 10 to 15 minute walk.

South Kamloops is serviced by BC Transit busses on a frequent and regular schedule. The main bus loop is located on Lansdowne Street at 7th Avenue.

To view all homes for sale in Kamloops click here.

24-137 McGill Sahali Gardens Kamloops Home for SaleKamloops Home For Sale: 24-137 McGill Road, Lower Sahali, Kamloops, BC $209,900. Nice clean 2 bedroom and den townhome with beautiful views located in a popular central neighbourhood close to shopping, schools (including TRU), transportation and hospital.

Recent updates include the 4 piece bathroom and laminate flooring. There is a nice open dining room and living room space with patio off of the living room area. This unit is on the ground level allowing easy access from McGill road and great for your pet!

This complex features RV parking, 2 parking stalls with this unit (one carport and one across from the unit) and there is also a community garden and tennis court. Quick access to Peterson Creek hiking trails and Tournament Capital Centre a 2 minute drive.

Pets allowed with restrictions and no rentals permitted. Nice quiet well maintained strata. Quick possession possible.

Click here to view more pictures of this home.

Lower Sahali houses a number of Kamloops grocery stores and shopping. Save-on-foods, Superstore, Safeway, Toys-R-Us, Bed Bath & Beyond, Winners, Homesense and Target are a few of the major stores in the Sahali area. There are a number of restaurants and popular shopping destinations in this area as well.

There are a number of professional offices in the Sahali area. Sahali Centre Mall, Tudor Village and Sahali Professional Centre to name a few. You will find lawyers, doctors, mortgage specialists, banks, insurance brokers and much more in this area.

At the top of Summit Drive, there is a very popular water park called Albert McGowan Park, which is a popular place for neighbourhood kids to cool off in the summer and toboggan in the winter.

Throughout Lower and Upper Sahali there are a number of parks and green spaces. The Sahali area has everything close at hand, shopping, entertainment, schools for all ages, and park land. This is why it is one of the most popular regions of Kamloops.

Peterson Creek Park runs through most of Sahali from top to bottom. This is a 423 hectare park that is a natural creek corridor. There are over 30 kilometers of trails in the park and many sites to enjoy including panoramic valley views and Bridal Veil Falls. There are numerous access points and the park is equipped with picnic tables and grassy areas to enjoy.

Tournament Capital Centre is located in Southgate which is only a five to 10 minute drive from any Sahali neighbourhood. TCC has many different facilities all in one building such as gymnastics, swimming, indoor track, fitness facility, courts and much more. There are also a number of sports fields that surround the facility.

Sahali is serviced by BC Transit busses on a frequent and regular schedule. Highway #1 is easily accessible to Sahali as it runs through the middle of it splitting the area into upper and lower Sahali.

To view all homes for sale in Kamloops click here.

894 Grant Rd, Westsyde, Kamloops Home for SaleKamloops Home For Sale: 894 Grant Road, Westsyde, BC $565,000. 1 year old custom home in the heart of Westsyde! Plus 9.75 acres great for atv’s and motorcycles right out your back door and on to the grasslands.

Fully finished on 2 floors, great warm feel to this 3+2 bedroom home, 3 baths, kitchen and baths have granite. Hardwood floors. Vaulted ceilings, mountain views, covered deck.

Lower level has 10 ft ceilings, is set up for a self contained 1 bedroom suite with own laundry. Kitchen is roughed in for plumbing and electrical. Kids can walk to schools.

Click here to view more pictures of this home.

There are many amenities in Westsyde. The Westsyde Recreation Centre and community pool is located off of Bebek Road in Westsyde. The pool is a 25 meter pool with 6 lanes, diving board, hot tub, tarzan rope, and a water slide. This facility also includes a weight room and climbing wall.

The Dunes Golf course is located on 652 Dunes Drive. It is a beautiful golf course set on the river’s edge carved out of the sands of the Thompson river riverbed. The course is 18 holes and 7131 yards of challenging golf.

Elementary and secondary students attend Arthur Stevenson Elementary (2890 Bank Road) and Westsyde Secondary (855 Bebek Road). There is also a private Francophone French Immersion school in the Oak Hills area of Westsyde.

Westsyde is serviced by regular bus service. Click here to review the BC Transit information. Westsyde is also 10 to 15 minutes from the Kamloops airport.

To view all homes for sale in Kamloops click here.

396 Mulberry Ave,  North Kamloops, Kamloops Home for SaleKamloops Home for Sale: 396 Mulberry Avenue, North Kamloops, BC $274,900. Nicely updated north Kamloops home with 3 bedrooms on the main floor, RV parking, located on a corner lot with potential for a shop.

Recent updates include kitchen, flooring, windows, bathroom, central air (2014), high efficient furnace, paint, inside and outside doors, patio and landscaping. This home has a nice sized living room with large window allowing a lot of natural light. The 3 main floor bedrooms are a very good size.

The basement features a rec room, storage and a laundry room. There is a separate entry to the basement.

Very nice yard with tons of room for the kids to run. There are 2 storage sheds and a large area great for an rv or extra parking. This lot would be perfect for someone looking to build a large shop as access off of cedar is ideal (make inquiries with city of Kamloops). Day before notice for all showings.

Click here to view more pictures of this home

North Kamloops is home to a number of retailers. Extra Foods, Shoppers Drug Mart, Canadian Tire, Safeway are larger retailers located in North Kamloops. There are also a number of financial institutions such as TD Canada Trust, CIBC and Bank of Montreal. North Kamloops has a lot of restaurants as well, such as Whitespot, Dennys and other smaller restaurant establishments.

Northills Mall is one of the main shpping areas in North Kamloops and it services many of the residents of this area as well as Brock, Batchelor Heights and Westsyde. Many residents of this area don’t need to go to Sahali, Southgate or Dufferin for shopping. Saying that, the big box stores are within a ten to fifteen minute drive of all North Kamloops neighbourhoods.

There are also a number of professional offices in the North Kamloops area that will serve all your needs.

North Kamloops is serviced by BC Transit busses on a frequent and regular schedule. Click here to view the BC Transit website. The main bus loop is located at Northills Mall near the intersection of Tranquille Road and Fortune Drive. There are a few different bus routes servicing the area.

To view all homes for sale in Kamloops click here.

332 Beach Drive, Chase, BC, Chase Home for SaleChase Home For Sale: 332 Beach Drive, Chase, BC $294,900. Come and enjoy life at Shuswap!

Ownership of this 4 bedroom home gives you access to a private beach and boat moorage just a short walk away from your front door. This home is immaculate with loads of room for entertaining. Newer roof, newer kitchen, some new windows, new deck, new plumbing fixtures and a large detached shop.

Amazing gardens with some underground irrigation are also some of the features of this lovely home!

Click here to view more pictures of this home

There is an elementary and secondary school in Chase for students. The secondary school is located steps from this condo making it a great location for getting kids to school on time!

Chase is located 40 minutes south east outside of Kamloops on the Highway #1. Many residents of Chase work in Kamloops as buyers find there is a lot more value in the properties in Chase.

Chase is a great community that has enough amenities to be comfortable but is also quiet and relaxing. There is not as much hustle and bustle like larger cities. It is very easy to access Big Shuswap Lake from Chase as Highway #1 is right outside your door.

To view all homes for sale in Kamloops click here.

2847 Westsyde Road Kamloops Home for SaleKamloops Home For Sale: 2847 Westsyde Road, Westsyde, B.C. $339,000. 4 Bedroom 3 bathroom Westsyde home, ready for its new owners.

This good sized home has the potential to become the perfect family home. The large fenced yard provides lots of space for the kids to run around and play and there is a covered deck and patio to enjoy in the summer months.

The main floor features the kitchen, dining room, and living room with vaulted ceilings. The spacious master bedroom is complete with a 2 piece ensuite.

The basement level has the 4th bedroom, a large rec room, a laundry room, and a storage space. Central location, only walking distance to schools, river trails, and transportation. Day before notice appreciated for showings.

Click here to view more pictures of this home.

There are many amenities in Westsyde. The Westsyde Recreation Centre and community pool is located off of Bebek Road in Westsyde. The pool is a 25 meter pool with 6 lanes, diving board, hot tub, tarzan rope, and a water slide. This facility also includes a weight room and climbing wall.

The Dunes Golf course is located on 652 Dunes Drive. It is a beautiful golf course set on the river’s edge carved out of the sands of the Thompson river riverbed. The course is 18 holes and 7131 yards of challenging golf.

Elementary and secondary students attend Arthur Stevenson Elementary (2890 Bank Road) and Westsyde Secondary (855 Bebek Road). There is also a private Francophone French Immersion school in the Oak Hills area of Westsyde.

Westsyde is serviced by regular bus service. Click here to review the BC Transit information. Westsyde is also 10 to 15 minutes from the Kamloops airport.

To view all homes for sale in Kamloops click here.

Kamloops Home For Sale: 691 Belmont Crescent, Kamloops Home For SaleKamloops Home For Sale: 691 Belmont Crescent, North Shore, Kamloops, BC $329,900. COME AND SEE you won’t be disappointed … 3 bedroom, 2 bath, 3-level backward split home located in quiet area close to ‘Tot’ Park.

From outside to inside, this home has been renovated within last 9 years – new roof, siding, windows, Carrier furnace/humidifier, hot water tank, central a/c, both bathrooms totally redone, exterior and all interior doors, flooring, paint, hardware, fixtures and basement finished with large family room, bathroom, laundry and utility room.

L-shaped kitchen with pantry and office area has original wood cabinets. Vaulted ceilings and spacious entrance provides a feeling of openness to main living area. Convenient breezeway between home and single car garage. Separate entrance to basement.

Fully fenced xericaped and grassed yard with irrigation system and lane access. Shed stays. MAKE YOUR VIEWING APPT TODAY. Visit my website for more information and Virtual Tour.

Click here to view more pictures of this home.

North Kamloops is home to a number of retailers. Extra Foods, Shoppers Drug Mart, Canadian Tire, Safeway are larger retailers located in North Kamloops. There are also a number of financial institutions such as TD Canada Trust, CIBC and Bank of Montreal. North Kamloops has a lot of restaurants as well, such as Whitespot, Dennys and other smaller restaurant establishments.

Northills Mall is one of the main shpping areas in North Kamloops and it services many of the residents of this area as well as Brock, Batchelor Heights and Westsyde. Many residents of this area don’t need to go to Sahali, Southgate or Dufferin for shopping. Saying that, the big box stores are within a ten to fifteen minute drive of all North Kamloops neighbourhoods.

There are also a number of professional offices in the North Kamloops area that will serve all your needs.

North Kamloops is serviced by BC Transit busses on a frequent and regular schedule. Click here to view the BC Transit website. The main bus loop is located at Northills Mall near the intersection of Tranquille Road and Fortune Drive. There are a few different bus routes servicing the area.

To view all homes for sale in Kamloops click here.

43-1469 Springhill Drive, Sahali, Kamloops Home for SaleKamloops Home For Sale: 13-1469 Springhill Drive, Sahali, B.C. $224,900. This townhome is minutes to all amenities, especially TRU.

This home features 3 bedrooms and 2 baths and downstairs has great storage and separate laundry area with sink. The bright living room and dining room to adjoining front deck offers a peek a boo view to the North. There is a covered carport and additional parking for a 2nd vehicle.

Unit has new hot water tank and 5 appliances stay. Strata fee includes basic cable and use of the outdoor pool. Seller has prepaid for exterior upgrades including soffit, fascia and deck refurbishing.

The complex also has RV parking available, an updated roof and Pets and rentals are allowed with restrictions. Quick possession possible.

Click here to view more pictures of this home

Lower Sahali houses a number of Kamloops grocery stores and shopping. Save-on-foods, Superstore, Safeway, Toys-R-Us, Bed Bath & Beyond, Winners, Homesense and Target are a few of the major stores in the Sahali area. There are a number of restaurants and popular shopping destinations in this area as well.

There are a number of professional offices in the Sahali area. Sahali Centre Mall, Tudor Village and Sahali Professional Centre to name a few. You will find lawyers, doctors, mortgage specialists, banks, insurance brokers and much more in this area.

At the top of Summit Drive, there is a very popular water park called Albert McGowan Park, which is a popular place for neighbourhood kids to cool off in the summer and toboggan in the winter.

Throughout Lower and Upper Sahali there are a number of parks and green spaces. The Sahali area has everything close at hand, shopping, entertainment, schools for all ages, and park land. This is why it is one of the most popular regions of Kamloops.

Peterson Creek Park runs through most of Sahali from top to bottom. This is a 423 hectare park that is a natural creek corridor. There are over 30 kilometers of trails in the park and many sites to enjoy including panoramic valley views and Bridal Veil Falls. There are numerous access points and the park is equipped with picnic tables and grassy areas to enjoy.

Tournament Capital Centre is located in Southgate which is only a five to 10 minute drive from any Sahali neighbourhood. TCC has many different facilities all in one building such as gymnastics, swimming, indoor track, fitness facility, courts and much more. There are also a number of sports fields that surround the facility.

Sahali is serviced by BC Transit busses on a frequent and regular schedule. Highway #1 is easily accessible to Sahali as it runs through the middle of it splitting the area into upper and lower Sahali.

To view all homes for sale in Kamloops click here.

2405 Abbeyglen Way, Aberdeen, Kamloops Home for SaleKamloops Home For Sale: 2405 Abbeyglen Way, Dallas, B.C. $624,900. Custom home with panoramic river and valley views that has a ton of extras.

2405 Abbeyglen Aberdeen View Home Custom BuiltThis home features an oversized 2 car garage, additional workshop and additional space for an inlaw suite making the total square footage over 4,000. The main floor features a nice great room open floor plan. There is a large kitchen with stainless steel appliances and two pantries, a nice sized nook to take in the views, a large dining room and spacious living room with gas fireplace. There is also a office or bedroom off of the main entry way and a 2 piece powder room. The main floor has 9 foot ceilings and hardwood flooring throughout.

The second level features 4 good sized bedrooms including a master suite with 4 piece ensuite and walk in closet. There is a additional 4 piece guest bathroom and second level laundry room. The 4th bedroom would be perfect for a media or play room.

The bottom level features a daylight walk out basement with a large workshop under the garage with 220 power and separate entry to outside. It would be perfect for a media room as well. There is a full unfinished space that has rough ins for an additional bathroom, and kitchen for a 1 or 2 bedroom inlaw suite.

There are two patios and the yard is nicely landscaped. Hot tub does not stay. Day before notice for showings.

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Aberdeen houses a number of retailers including the Aberdeen Mall where you will find numerous stores. There are also a number of big box stores in the Aberdeen area including Staples, Future Shop, Sport Check, Chapters, Sears, The Bay, Canadian Tire and Costco to name a few. Aberdeen is also home to many of the city’s hotels, mainly located on Rogers Way between Hugh Allan Drive and Highway 5A.

There are a few areas where professional offices are located. Mainly in the shopping district around Aberdeen Mall. There are not as many services in the Aberdeen area as the Sahali and Southgate areas.

Aberdeen Elementary School is located three blocks away from this home. Highschool students take a school bus to school which is a short 5 to 10 minute drive. Thompson Rivers University is located in Southgate. TRU is a fully accredited University and offers a variety of programs and courses to students in many different areas of study. Aberdeen often is an area popular with students attending TRU. It is close enough to the University making it easily accessible.

There are a number of parks and green spaces in Aberdeen. Elementary schools have play grounds for children to enjoy. There are also numerous hiking trails as some areas of Aberdeen back on to green belts.

Kenna Cartwright park is within a five to 10 minute drive of Aberdeen. This beautiful park has panoramic valley views and many hiking and biking trails for the whole family.

Tournament Capital Centre is located in Southgate which is only a five to 10 minute drive from any Aberdeen neighbourhood. TCC has many different facilities all in one building such as gymnastics, swimming, indoor track, fitness facility, courts and much more. There are also a number of sports fields that surround the facility.

Aberdeen is serviced by BC Transit busses on a frequent and regular schedule.

To view all homes for sale in Kamloops click here.

16-5200 Dallas Dr, Dallas, Kamloops Home for SaleKamloops Home For Sale: 16-5200 Dallas Drive, Dallas, B.C. $289,900. Newer Dallas home with 4 bedrooms, a main floor den and 3 bathrooms.

Many upgrades to this home including new flooring and fresh paint throughout. This home has an upgraded kitchen with maple kitchen cabinets, tile backsplash, walk in pantry and island. Low maintenance backyard with patio to entertain. There is an open great room floor plan. There is a 2 piece bathroom on the main floor as well.

The second level features 3 bedrooms and a deluxe 4 piece bathroom with a large soaker tub and separate shower.

The basement level features a rec room, laundry room, 4th bedroom and a 4 piece bathroom perfect for guests.

There is a single car garage and 2 spots out front of the home. Bareland strata fee of $90/month. 12 minutes to downtown, steps to shopping and golf as well as easy highway access. Easy to show. Rentals allowed with restrictions and 2 pets allowed.

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Shopping is steps from your home. This home is located above Dallas Town Centre which has  basic shopping needs. Valleyview area also allows residents to shop for all they would need. Since Dallas is only a short drive to Kamloops residents are also able to access larger shops and stores. Many big box retailers are a 15 to 20 minute drive from this home.

There is public transportation located steps from this home. Schools are located a short five minute drive for elementary students. Highschool students attend Valleyview Secondary which is approximately a 12 minute drive from Dallas.

The BC Wildlife Park is a short drive, great for hours of entertainment on a weekend for the whole family. The park is located less than a five minute drive from this home and is a great asset to the community.

Access to the river and waterfront is a short drive away. This makes it easy to launch your boat and take a quick trip up the river to the beautiful Shuswap Lake.

To view all homes for sale in Kamloops click here.

CMHC Chief Says Housing Agency Considering Passing on Mortgage Risk to Banks, Financial Post. This article appeared in the Financial Post on September 19th, 2014 and was written by Garry Marr.

CMHC Pass On Mortgage RiskThe Canada Mortgage and Housing Corp. is looking at changes to mortgage default insurance that would include sharing risk with banks, the Crown corporation’s chief executive told a Montreal audience Friday.

“In our role as an adviser to government, we are evaluating a range of ideas on future improvements to our housing finance system, including risk-sharing with lenders to further confront moral hazard, future sandbox changes if housing markets are to become less stable, and increased capital requirements,” Evan Siddall told the Saint James Club, according to notes posted on CMHC’s website.

The Financial Post reported this month CMHC was looking at a new formula to push some of its losses on to financial institutions, essentially forcing them to pay a deductible on mortgages insured with the Crown corporation before claims are paid.

Sources have said the Office of the Superintendent of Financial Institutions has been involved in discussions with CMHC, which it oversees, while the Canadian Bankers Association is said to be against the measure. The CBA said it has had a variety of discussions with CMHC about mortgage and housing issues.

Mr. Siddall said in his speech that while Canada weathered the 2008 financial crisis it needed to think about “the next economic storm” to ensure the housing finance system can adapt to it.

“We are re-examining our role in the Canadian housing and financial markets and looking to be part of an even more resilient system,” he said. “As much as we never want to use taxpayer money to bail out banks, governments consistently want to help homeowners in the event of a generalized housing crisis.”

Since his appointment, CMHC has raised fees for mortgage insurance to boost capital requirements while reducing some housing that it covers, including second homes. It has also tightened the rules for insuring self-employed Canadians.

“As a government entity, we need to have a different approach to risk management. Implicitly, we are in the bail-out avoidance business. Lenders pay us a premium to back them up if things go wrong,” said Mr. Siddall. “So we have an explicit responsibility to manage tail risk and survive, since insolvency is a less obvious option for us.”

He noted the government has been compensated for its risk to the tune of $18-billion in profits from CMHC over the last decade.

As a government entity, we need to have a different approach to risk management

CMHC is backing about $550-billion in mortgages while another $160-billion in mortgages, covered by private insurers, is ultimately also backed by Ottawa. The federal government backs 90% of mortgage loan insurance issued by private entities Genworth Canada and Canada Guaranty.

“Earlier this year, we measured our mortgage loan insurance programs against the yard stick of attending to Canadians’ housing needs – as opposed to wants, desires well-served by the private sector,” said Mr. Siddall. “As a result of these and other changes, our insurance-in-force has begun to decline.”

The chief executive also addressed the issue of a possible bubble in the housing sector.

“As a risk manager, let me tell you why we aren’t overly worried about a housing bubble at this point in time, based on what we know,” he said. “Our educated opinion is that growth in house prices in Canada will moderate. If we are wrong, and price growth remains strong or accelerates, we may need to look to macro-prudential counter-weights to avoid excesses. As I said, we are currently evaluating them.”

Related

CMHC could force banks to pay deductibles on mortgage insurance
CMHC sees amount of mortgages it insures shrinking this year amid tighter housing market rules
CMHC cutting back on what it covers with mortgage default insurance

B.C. Housing Minister Moves to Shore Up Standards for Home Inspections, Globe and Mail. This article appeared on the Globe and Mail online on September 19th, 2014 and was written by Dene Moore.

By the end of next year, home inspectors will have to meet a standard set of professional criteria to be licenced in British Columbia.

Housing Minister Rich Coleman said Friday the improved requirements will help safeguard home buyers who rely on the inspections for making what is likely the largest investment of their lives.

Consumer Protection BC will set the education and training requirements and be responsible for testing and licensing home inspectors.

“At the end of the day, buying a home is one of the biggest purchases somebody ever makes, and we’ve always been very supportive of any move toward consumer protection in this area,” said Tayt Winnitoy, vice-president of operations for Consumer Protection BC.

In 2009, B.C. became the first jurisdiction in Canada to require licences and insurance for home inspectors, and there are now about 440 licensed in the province.

A few months later, a North Vancouver couple won an unprecedented award in the civil lawsuit they brought against their home inspector.

Three years earlier, Manuel Salgado and Nora Calcaneo bought a home for $1.095 million.

They paid $450 for an inspection, which found a number of structural deficiencies. The inspector, Imre Toth, estimated the repairs would cost them $15,000 to $20,000. They closed the deal.

When the bill came in, it totalled $213,000.

They filed suit against Toth, the sellers and the real estate agents, but settled with the previous owners and dropped their claim against the agents. Justice Grant Burnyeat said Toth’s estimate was “woefully inadequate.”

The purpose of the inspection is to provide a homebuyer with expert advice about any significant deficiencies, the judge wrote. “I have no hesitation in coming to the conclusion that the plaintiffs relied upon the report received by Mr. Toth to decide whether they would purchase the property,” he wrote.

“Plainly, if prospective home purchasers did not believe that they could secure meaningful and reliable advice about the home they were considering purchasing, there would be no reason for them to retain an inspector to inspect that home.”

Currently, inspectors must pass regular examinations to obtain and keep their license but there are four different associations that can licence, each with its own evaluation process.

In a survey by the provincial Office of Housing and Construction Standards, 78 per cent of home inspectors felt the requirements for a licence are too lax. “It is clear … that action is needed to increase consumer protection and to address the challenges in the current model,” the report said.

The Canadian Association of Home and Property Inspectors — one of the four groups that licence inspectors — said non-existent standards improved with the 2009 regulations, but loopholes remain.

Winnitoy said home buyers can rest assured that the inspectors they’re dealing with now have met minimum training and education requirements.

“What we see now and what we’re looking forward to is a deepening and an improving of the framework to help ensure that there’s a level playing field for all home inspectors and a clear set of expectations for consumers to have.”

2784 Beachmount Westsyde Kamloops Home for Sale Kamloops Home For Sale: 2784 Beachmount Crescent, Westsyde, B.C. $419,900. Beautiful new 3 bedroom 3 bathroom home in Beachmount Estates.

The main level has a huge living and dining room that opens to the kitchen. Includes stainless steel appliances, granite counters and lots of cupboard space.

The family room has a gas fireplace and walks out to a big patio perfect for barbecuing. Rock wall, landscaping and fencing in the back yard.  There is a dog park at the end of the street and a walking trail along the river.

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There are many amenities in Westsyde. The Westsyde Recreation Centre and community pool is located off of Bebek Road in Westsyde. The pool is a 25 meter pool with 6 lanes, diving board, hot tub, tarzan rope, and a water slide. This facility also includes a weight room and climbing wall.

The Dunes Golf course is located on 652 Dunes Drive. It is a beautiful golf course set on the river’s edge carved out of the sands of the Thompson river riverbed. The course is 18 holes and 7131 yards of challenging golf.

Elementary and secondary students attend Arthur Stevenson Elementary (2890 Bank Road) and Westsyde Secondary (855 Bebek Road). There is also a private Francophone French Immersion school in the Oak Hills area of Westsyde.

Westsyde is serviced by regular bus service. Click here to review the BC Transit information. Westsyde is also 10 to 15 minutes from the Kamloops airport.

To view all homes for sale in Kamloops click here.

960 McArthur Dr, Westsyde, Kamloops Lot for SaleKamloops Land For Sale: 960 McArthur Drive, Westsyde, B.C. $129,900. Looking for a residential building lot in Westsyde? Located in the heart of Westsyde, this lot is surrounded by new homes and could easily accommodate a 2 storey home, basement entry or rancher.

The lot is slightly elevated, allowing for mountain views from wherever you build! Lot is 55 feet x 125 feet deep and backs onto the hillside. RS-5 zoning. Quiet area. Close to schools, shopping, the pool, and many more amenities.

Click here to view more pictures of this home.

There are many amenities in Westsyde. The Westsyde Recreation Centre and community pool is located off of Bebek Road in Westsyde. The pool is a 25 meter pool with 6 lanes, diving board, hot tub, tarzan rope, and a water slide. This facility also includes a weight room and climbing wall.

The Dunes Golf course is located on 652 Dunes Drive. It is a beautiful golf course set on the river’s edge carved out of the sands of the Thompson river riverbed. The course is 18 holes and 7131 yards of challenging golf.

Elementary and secondary students attend Arthur Stevenson Elementary (2890 Bank Road) and Westsyde Secondary (855 Bebek Road). There is also a private Francophone French Immersion school in the Oak Hills area of Westsyde.

Westsyde is serviced by regular bus service. Click here to review the BC Transit information. Westsyde is also 10 to 15 minutes from the Kamloops airport.

To view all homes for sale in Kamloops click here.

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